Andrew Madoff dies of cancer in NYC
Sep 3rd 2014 3:13PM
NEW YORK (AP) -- Andrew Madoff, Bernard Madoff's last surviving son, died of cancer on Wednesday, years after turning his father in and insisting he had been duped like the rest of the world into believing history's most notorious Ponzi king was an honest financier.
Andrew Madoff, 48, was "surrounded by his loving family" when he died at a New York City hospital from mantle cell lymphoma, his attorney, Martin Flumenbaum, said in a statement.
Andrew Madoff and his brother, Mark, both worked on the legitimate trading side of their father's Manhattan firm, two floors removed from the private investment business where Bernard Madoff carried out his $65 billion Ponzi scheme over several decades.
Bernard Madoff, 76, was arrested in December 2008. He pleaded guilty to fraud charges months later and is serving a 150-year sentence at a federal prison in North Carolina. Exactly two years after the father's arrest, Mark Madoff hanged himself by a dog leash on a metal ceiling beam in his Manhattan loft apartment, as his 2-year-old son slept in another room.
"One way to think of this is the scandal and everything that happened killed my brother very quickly," Andrew Madoff told People magazine last year. "And it's killing me slowly."
Andrew Madoff was first diagnosed with the rare form of cancer in 2003 but went into remission. He blamed the relapse on the stress of living with his father's scam. The disease returned in October 2012, and he told People magazine that he felt "blindsided."
Andrew Madoff had served as the chairman of the Lympho6ma Research Foundation's board of directors until his father's scheme was revealed. In his statement, Flumenbaum said Andrew Madoff had "lost his courageous battle" with the disease.
The lawyer said funeral arrangements will be private.
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